Acting Chair Caroline Pham announced that the CFTC will host a meeting with Coinbase, Ripple, Cardano, etc.
CEOs.
Pham also announced a CFTC pilot program that is focused on the usage of tokenized non-cash as collateral.
Trump’s Crypto Czar David Sacks confirmed in a speech that the regulation of stablecoins is a top priority for the Trump adminsitration.
The United States Commodity Futures Trading Commission (CFTC) has confirmed that it will be hosting a forum with chief executives of various crypto entities joining in the near future. This initiative from the regulator could provide a relief of sorts to crypto market participants who have seen a bloodbath in the market since February began. The forum will be focused on the regulation of stablecoins in the US.
As per a shared by CFTC, the chief executives from US-based crypto firms like Ripple CEO Brad Garlinghouse, Cardano founder Charles Hoskinson, and Coinbase CEO Brian Armstrong, among others, will be joining the meeting.
The Acting CFTC Chair Caroline Pham made the announcement while adding her agency will also debut a pilot program to determine the utility of stablecoins. Pham recently announced a to examine the crypto and prediction markets.
The pilot program will be focused on the usage of tokenized non-cash as collateral—potentially providing a new use case for stablecoins and blockchain technology. Pham noted that this is a “groundbreaking initiative for US digital asset markets,” adding:
“The CFTC is committed to responsible innovation. I look forward to engaging with market participants to deliver on the Trump Administration’s promise of ensuring that America leads the way on economic opportunity.”
“The CFTC is committed to responsible innovation. I look forward to engaging with market participants to deliver on the Trump Administration’s promise of ensuring that America leads the way on economic opportunity.”
This move from the CFTC comes just a month after the pro-crypto administration of Donald Trump was voted into power in the US. While the market has bled profusely in the past week, with altcoins crashing 30%-40%, the changing regulatory environment in the United States could be the bullish narrative that the market needs to push higher.
Regulation of Stablecoins in the US
The Chair of the House Financial Services Committee, French Hill, alongside US lawmaker Bryan Steil, who is also the Chair of the Subcommittee on Digital Assets, together introduced the draft for stablecoin regulation in the US. The draft, called the STABLE Act of 2025, works on the foundation established by Patrick McHenry, the former chair of the House Financial Services Committee.
The Act also emphasizes a strict review of the issuance and usage of stablecoins by the United States Treasury while aiming to implement a two-year ban on stablecoins backed by self-issued digital assets. Meanwhile, Trump’s Crypto Czar, David Sacks, recently that stablecoins have the potential to ensure the US dollar’s dominance internationally, reiterating the administration’s focus on the sector.
A few days ago, Republican Senator Bill Hagerty surprised the digital asset sector. He teased a new bill that could establish clear rules for stablecoins in the US. The new bill called the “Guiding and Establishing National Innovation for US Stablecoins” Act eyes a clear and structured framework while promoting innovation.